The portfolio spans neighbourhoods with strong transport connectivity and access to employment hubs: Ryogoku, Hikifune, Meguro, Mita and Machiya.
M&G Real Estate has acquired six residential assets in Tokyo, Japan, for JPY19.4 billion ($155 million), expanding M&G’s residential portfolio to Japan’s “resilient” living sector that “provides income and long-term growth potential”, according to M&G Investments.
The deal adds more than 320 homes across a diversified mix of apartment sizes, “helping to meet demand from a broad range of renters in a market where quality rental housing remains scarce”.
